Single-Member LLC Formation Procedures

Single-Member LLC Formation Procedures will be carried out in a simple and quick manner. Therefore, after preparing all the necessary documents for business registration, the submission process will proceed according to the following procedural steps.

Documents for Single-Member LLC establishment procedures

According to the Enterprise Law, to register for establishing a single-member LLC, individuals and organizations need to prepare the following documents:

• Application for registration of single-member LLC
• Company charter
• Valid copies of personal identification of the owner of the company. Or a legal representative of the company including: ID/CCCD
• In case the owner is an organization, a business registration certificate must be submitted. Or a decision on the establishment of the company, or other equivalent documents along with a valid copy of personal identification
• Investment registration certificate for companies established with foreign investment. Or economic organizations with foreign investment capital
• Authorization letter from the owner for the authorized person
• Authorization letter for organizations or individuals handling registration procedures

Procedures for establishing a Single-Member LLC

Currently, many agencies support consulting services for business formation. To better understand the process of establishing a Single-Member LLC, you can refer to the following registration process for business establishment license:

• Step 1: preparing documents for business registration

In this stage, organizations and individuals registering to establish a company will need to fully prepare the required documents for setting up a Single-Member LLC. These documents must meet all the conditions according to the type of Single-Member LLC.

• Step 2: submitting documents

To submit the registration documents for establishing a Single-Member LLC, individuals and organizations can choose between two methods:

– Direct submission at the business registration office under the Department of Planning and Investment in the province or city where the headquarters of the company is located.

– Online submission through the website dangkykinhdoanh.gov.vn.

• Step 3: waiting for results

After submitting the documents to the Department of Planning and Investment, it will take about 1 to 3 days for the business registration office to process the application. Within 3 to 5 days, the applicant will receive the result indicating whether the documents meet the standards and whether the business registration certificate will be issued or not.

Once the certificate of business registration is obtained, individuals and organizations will proceed with the next required tasks.

Conditions for registering procedures to establish a Single-Member LLC

Although the registration process for establishing a Single-Member LLC is similar to other company registration processes, the following conditions must be met to establish a Single-Member LLC:

• The full, clear name of the company must include LLC + distinctive name.
• The company name must include the full name in Vietnamese, the foreign language name, and the abbreviation if any.
• The proposed company name must not duplicate or cause confusion with already registered companies on the national portal.
• The name of the Single-Member LLC must include the term “MTV”.

If there are difficulties during the registration process for establishing a single-member LLC, individuals and organizations can contact several service providers like apecdoc.org for consulting support.

apecdoc.org is a provider of comprehensive company registration services with many incentives, equipped with a professional and knowledgeable team on enterprise law. They will assist customers in reducing legal issues during registration.

Additionally, it helps save potential costs that may arise during the company’s registration. Their service packages include both mandatory fees and other incidental expenses, allowing clients to choose a suitable package based on their budget.

So, what are the procedures to establish a Single-Member LLC? These insights will help you understand the registration process and procedures, evaluate whether the process is complicated, and consider seeking a support unit that offers affordable company registration services.

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